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Eskom board called on to prove utility not trading recklessly

The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be trading “recklessly” in terms of the legislation governing companies in South Africa. […]

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SOLVENCY AND LIQUIDITY OF ESKOM SOC LIMITED (“ESKOM”)

22 January 2018 The Chairman Eskom Holdings SOC Limited Mr Mabuza Per email: …………………….. Copied to: The Minister of Finance The Minister of Public Enterprises Mr Mabuza Re: SOLVENCY AND LIQUIDITY OF ESKOM SOC LIMITED (“ESKOM”) 1. Customers of ESKOM who have paid advance service deposits for the supply of electricity by Eskom must be […]

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